Patterns › RSI oversold bounce
Indicators
RSI oversold bounce
RSI fell below 30, then climbed back above it. Selling may be tiring.
How often it worked
| Market | Times found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| India (NSE) | 519 | 39% | 55% | 6% |
| United States | 512 | 42% | 54% | 4% |
| Japan | 269 | 46% | 50% | 4% |
| Crypto | 5,183 | 31% | 56% | 13% |
| Forex | 587 | 36% | 52% | 11% |
| Commodities | 186 | 35% | 50% | 14% |
Counted on real past charts by the Trading Class research engine, 7,256 cases in all. Past odds, not a forecast.
How to practise it
RSI just crossed back above 30. Buy, sell, or wait? In the app, 36 real examples of the rsi oversold bounce wait for you across 6 markets, and you say what happened next before the chart shows you.
Lesson: RSI: how strong the recent moves are.
Related
RSI overbought drop · Stochastic bullish cross · Stochastic bearish cross · Golden cross · Death cross · EMA 9/21 bullish cross · EMA 9/21 bearish cross · MACD bullish cross